The Nifty50 which formed a “Bearish Belt Hold’ kind of pattern on the daily charts recorded a bearish candle on the weekly chart for the second consecutive week in a row.
Market was volatile and settled almost unchanged amid mixed cues. Initially, weak global markets and mixed macroeconomic data were weighing on the sentiments
The S&P BSE Sensex dropped nearly 200 points. The broader market underperformed – the S&P BSE Midcap index fell 0.79 percent while the S&P BSE Smallcap index closed 0.48 percent lower
Macro-economic data (Inflation and IIP) scheduled this week will be crucial for market movement as RBI recently raised its inflation range and indicated towards concern on industrial growth
Sensex rose 168 points to 39,784 and Nifty closed 52 points higher at 11,922
In terms of sectors, the S&P BSE Telecom index rose 0.79 percent, followed by the S&P BSE Finance gained 0.66 percent, and the S&P BSE Consumer Durable index rose 0.64 percent.
Investors lost more than Rs 2 lakh crore in terms of market capitalisation in a single trading session. The average market capitalisation of the BSE-listed companies fell from Rs 155.41 lakh crore recorded on June 4 to Rs 153.20 lakh crore
Analysts advise investors to remain cautious ahead of the outcome of the MPC meeting on June 6
All sectoral indices witnessed healthy buying with auto, consumer durables, energy and metals being the top gainers, up 1.8-1.9 percent
Most experts feel that the optimism round political front is pushing markets higher but investors should tread with caution as any bad news could derail the rally amid high valuations
The S&P BSE Sensex snapped its 3-day winning streak and closed above 39,500 while Nifty50 failed to hold 11,900. It bounced back from 5-day exponential moving average placed at 11,838
The final tally on D-Street – the S&P BSE Sensex rose 66 points to 39,749 while the Nifty50 closed just 4 points higher at 11,928
The S&P BSE Sensex closed 248 points higher at 39,683 while the Nifty50 added 80 points to end at 11,924. The Nifty Bank rose 435 points or 1.39 percent to close at 31,647
India VIX cooled off which is a positive sign for the bulls and the rally to continue, suggest experts. India VIX fell down sharply by 14.7 percent on Friday to close at 16.54 levels.
Most experts suggest investors to wait for some correction before deploying money into markets as valuations are relatively higher
If election results on May 23 are not in line with the exit polls, experts are projecting the indices to swing wildly in the range of ±10 percent from the current level
The broader market outperformed the benchmark with BSE Midcap and Smallcap ending with losses of 0.9 percent and 0.6 percent, respectively
More than 50 stock hit a 52-week high on the BSE that include Bajaj Finserv, Shree Cements, Bajaj Finance, HDFC Bank, HDFC, Kotak Bank, Titan Company, Axis Bank, ICICI Bank, SBI and DCB Bank, among others
Experts feel that the volatility is here to stay till May 23. They suggest investors or traders should avoid leverage play as there could be wild gyrations on either side
The monsoon will hit Kerala on June 6, five days after its normal onset date, the India Meteorological Department (IMD) said on May 15
The broader market indices -- BSE Midcap and Smallcap -- too ended 0.6 percent and 0.3 percent higher, respectively
The broader market underperformed the benchmark index. The Nifty Midcap index was down 2.69 percent while the Nifty Midcap index dropped 2.1 percent.
The final tally on D-Street – the S&P BSE Sensex fell 230 points to 37,558 while the Nifty50 dropped 57 points to close at 11,301.
The market-cap of BSE companies fell Rs 1.72 lakh crore on May 8 to Rs 147.43 lakh crore
The S&P BSE Sensex finally closed 323 points lower at 38,276 while the Nifty50 was down by 100.35 points to end at 11497.